ABSTRACT
Auctions are among the
Latest economic institutions in place. They have been used since antiquity to
sell a wide variety of goods, and their basic form has remained unchanged. In
this dissertation, we explore the efficiency of common auctions when values are
interdependent- the value to a particular bidder may depend on information
available only to others-and asymmetric. In this setting, it is well known that
sealed-bid auctions do not achieve efficient allocations in general since they
do not allow the information held by different bidders to be shared.
Typically, in an auction, say of the kind used to sell
art, the auctioneer sets a relatively low initial price. This price is then
increased until only one bidder is willing to buy the object, and the exact
manner in which this is done varies. In my model a bidder who drops out at some
price can “reenter” at a higher price.
With
the invention of E-commerce technologies over the Internet the opportunity to
bid from the comfort of ones own home has seen a change like never seen
before. Within the span of a few short
years, what may have began as an experimental idea has grown to an immensely
popular hobby, and in some cases, a means of livelihood, the Auction Patrol
gathers tremendous response everyday, all day.
With the point and click of the mouse, one may bid on an item they may
need or just want, and in moments they find that either they are the top bidder
or someone else wants it more, and you’re outbid! The excitement of an auction all from the
comfort of home is a completely different experience.
Society
cannot seem to escape the criminal element in the physical world, and so it is
the same with Auction Patrols. This is
one area wherein a question can be raised as to how safe Auction Patrols.
Existing
System
Present system
is manual. The Project Metrics has to enter all the details of project,
documents, and tasks. It also maintenance the team information and also efforts
estimation. For this purpose the organization maintain the size of the
document, source code and update the information about team member’s
details manually. Which is much of time
consuming process and more importantly it is error prone. Limitations Of the
Manual system
- It is time consuming
- It leads to error prone results
- It consumes lot of manpower to better results
- It lacks of data security
- Retrieval of data takes lot of time
- Percentage of accuracy is less
- Reports take time to produce
Hence Computerization
of the existing system is proposed. The new system completely removes all
manual burdens and provide efficient on the entry system.
Proposed system
Objectives Of the Proposed System
- To generate the quick reports
- To make accuracy and efficient calculations
- To provide proper information briefly
- To provide data security
- To provide huge maintenance of records
- Flexibility of transactions can be completed in time
After understanding
the existing system and understanding the need for developing a new system
different people involved in the related activities have been consulted. The
data needed for the study has been collected from company records.
The computerization of
this system would avoid the wrong interpretation and bad calculation of data
.The system help the user to see any documents, source code, tasks, activities,
team information with details at the click of a button. The record data is
maintained and backed up such a way that data is not loss. The speed of the
system could also increased.
The general description gives an
"executive overview" and is very client-oriented. It expounds on the
functional and data requirements of the application. It also lists the
limitations, assumptions and dependencies of the application. Section 3.0, the
specific requirements section,
includes the developers’ technical view of
the client's expectation of
the application. It
also touches on
the performance and
quality requirements of the application and provides a solid definition
of the interface
The entire system is divided into 2 major modules
1. Admin
2. Buyer
1. Admin:
Adminstrator matins Products details and category details and also matins Buyer
details and Buyer reports and Sub category details and Buyer registrations and
Reports.
2. Buyer: In
this module Buyer New Registration’s and product details and Buyer reports and
Buyer bid details
H/W AND S/W SPECIFICATION
SOFTWARE CONFIGURATION
OPERATING PLATFORM :
WINDOWS 2000/NT/XP
RDBMS : SQLSERVER 2000
SOFTWARE : VS.NET 2005
FRONT END TOOL : ASP.NET
HARDWARE CONFIGURATION
RAM : 128MB
HARD DISK : MINIMUM 20 GB
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